The total value of transactions in the commercial real estate market in Taiwan reached NT$100 billion (US$3.1 billion) in Q1 2026, setting a record high. That’s according to a report by the commercial real estate consultancy Cushman & Wakefield released on Tuesday, April 7.

The main driver behind the growth in commercial real estate transactions is the AI industry’s expansion needs. Micron Technology’s NT$52.8 billion (US$1.6 billion) purchase of a facility in the Tungluo Science Park from PSMC was the largest single transaction of the quarter and broke the record for the most valuable single transaction in Taiwan’s commercial real estate market.

Associate Director of Valuation and Advisory Services at Cushman & Wakefield, Eason Lee (李易璇), said that since the beginning of the AI industry’s rapid growth in 2023, companies in the sector have cumulatively invested over NT$150 billion (US$4.7 billion) in purchasing manufacturing facilities, accounting for approximately 28% of total commercial real estate transactions.